Regulatory Alerts2024-12-03
Regulation on Credit Institution Risk Management (KI-RMV)
The Austrian Financial Market Authority issued this regulation to transpose Directive 2013/36/EU and establish minimum risk management requirements for credit institutions. It mandates comprehensive frameworks for identifying, measuring, and limiting credit, market, operational, liquidity, and leverage risks through documented policies, internal methodologies, stress testing, and adequate capital buffers. The rules apply on a consolidated basis to institutions and groups, requiring transparent governance structures, regular management body oversight, and robust contingency plans to ensure financial stability.
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